FM Sitharaman: Government has adequate resources to handle spike in petroleum, fertiliser subsidy bills

Updated On: 27 July, 2026 11:22 AM IST | Mumbai | IANS

The government has some resources kept aside to meet challenges arising from rising risk insurance premia as ships pass through war zones

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Union Finance Minister Nirmala Sitharaman. File Picture.

Finance Minister Nirmala Sitharaman said on Sunday that while the Middle East conflict has led to an increase in the country's petroleum and fertiliser subsidy bill due to the spike in global prices, the government has an adequate resource buffer to manage the situation without any changes in the Budget estimates for 2026-27.

Speaking at the NDTV Profit Business Leadership Awards function here, the Finance Minister said, "I have kept buffers which can take care of it and therefore at this stage, I don't think I'll look at my budget number for readjusting," as she referred to the government support for oil and fertiliser imports at higher prices.